Tredje AP fonden raised its stake in Emerson Electric Co. (NYSE:EMR) by 147.5% in the 1st quarter, HoldingsChannel reports. The firm owned 92,746 shares of the industrial products company’s stock after acquiring an additional 55,275 shares during the quarter. Tredje AP fonden’s holdings in Emerson Electric were worth $3,722,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Ballast Advisors LLC bought a new stake in Emerson Electric in the first quarter valued at $25,000. MBE Wealth Management LLC bought a new stake in shares of Emerson Electric during the first quarter worth about $25,000. Litman Gregory Asset Management LLC increased its position in shares of Emerson Electric by 108.0% during the fourth quarter. Litman Gregory Asset Management LLC now owns 337 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 175 shares in the last quarter. Princeton Global Asset Management LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. Finally, Verus Capital Partners LLC bought a new stake in shares of Emerson Electric during the fourth quarter worth about $27,000. 73.32% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Arthur F. Golden bought 5,000 shares of the company’s stock in a transaction dated Tuesday, March 10th. The stock was purchased at an average cost of $51.47 per share, with a total value of $257,350.00. Following the transaction, the director now owns 81,898 shares in the company, valued at approximately $4,215,290.06. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Emerson Electric stock traded down $0.38 during midday trading on Friday, hitting $55.87. 4,231,732 shares of the stock were exchanged, compared to its average volume of 3,819,407. The company has a quick ratio of 0.75, a current ratio of 1.01 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $33.61 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 2.93 and a beta of 1.51. Emerson Electric Co. has a 52-week low of $37.75 and a 52-week high of $78.38. The business’s 50-day moving average price is $52.57 and its 200-day moving average price is $65.49.
Emerson Electric (NYSE:EMR) last released its earnings results on Tuesday, April 21st. The industrial products company reported $0.89 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.77 by $0.12. The firm had revenue of $4.57 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Emerson Electric had a net margin of 12.04% and a return on equity of 26.66%. The company’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.84 earnings per share. On average, sell-side analysts predict that Emerson Electric Co. will post 3.05 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 15th will be paid a $0.50 dividend. The ex-dividend date is Thursday, May 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.58%. Emerson Electric’s dividend payout ratio (DPR) is 54.20%.
EMR has been the subject of several recent research reports. Royal Bank of Canada decreased their target price on shares of Emerson Electric from $51.00 to $50.00 and set a “sector perform” rating for the company in a research report on Wednesday, April 22nd. UBS Group boosted their target price on shares of Emerson Electric from $47.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Bank of America boosted their target price on shares of Emerson Electric from $87.00 to $88.00 and gave the stock a “buy” rating in a research report on Wednesday, February 19th. Zacks Investment Research raised shares of Emerson Electric from a “sell” rating to a “hold” rating and set a $60.00 target price for the company in a research report on Tuesday. Finally, Vertical Research downgraded shares of Emerson Electric from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Monday, March 23rd. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. Emerson Electric has a consensus rating of “Hold” and an average price target of $64.13.
Emerson Electric Profile
Emerson Electric Co, a technology and engineering company, provides various solutions to industrial, commercial, and consumer markets worldwide. The company's Automation Solutions segment offers products and integrated solutions, including measurement and analytical instrumentation; valves, actuators, and regulators; industrial solutions; and process control systems and solutions.
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